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Proposals to change the investment options in the Thrift Savings Plan (TSP), a federal retirement savings and investment plan, discriminate against participants and could kill the I Fund for investors, according to Kim Weaver, Director of External Affairs at the Federal Retirement Thrift Investment Board.

  • Tommy Tuberville (R-AL) filed an amendment to a pending Senate bill that would disallow investment in stocks from Chinese entities in the TSP and the mutual fund window it plans to offer next summer, said Weaver.
  • Weaver said the plan would require the TSP to eliminate the I Fund or divest from certain stocks in it, which would incur costs for participants.
  • Weaver said the amendment is discriminatory because it does not affect other Americans who can invest in whatever company they want.
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